Formation of Nifty50 is in downtrend 0 576

Pre Market Updates Monday February 18, 2019
Nifty levels


  • Now a days, due to over open positions I can’t write pre-market updates on time. From March I will schedule to post daily article before 8.00am.
  • RBI board meeting, GST Council meet, US-China trade talks, crude oil prices, movement of rupee against the US dollar and the last leg of corporate earnings are among the major events that market may take cues from this week.
  • Nifty50 traded continuously in negative candles for seven sessions.
  • On Friday, recovery around the closing session shows buyers gaining the momentum.
  • And also, If markets move above 10800, again shorts may like to enter the system.
  • Nifty likely to trade within Friday range.
  • Friday high and low points may act as a immediate range for Nifty which falls around at 10620-10780.
  • Huge open positions were added in both OTM call and put option strikes along with a rise in implied volatility, indicating a possibility of a continued volatile scenario for the index going forward.
  • Nifty likely to face resistance at 10780 and support at 10620.

Simple Moving Averages:

  • 50 days SMA: 10817
  • 150 days SMA: 10911
  • 200 days SMA: 10860

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Hammer candle

  • Nifty50 formed Hammer candle on the daily charts
  • Trend reversal patterns
  • The bears have lost control.
  • It reflecting smart buying in the lower levels.


  • Formation of Nifty50 is in downtrend.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10700
  • Bank Nifty max pain level currently at 27000

Put Call Ratio

  • Nifty PCR at 1.01
  • Nifty Bank PCR at 1.31.

Max O.I Strikes

  • Nifty: 10600 PE and 10800 CE
  • Bank Nifty: 26500 PE and 26900 CE

FII & DII Net Purchase / Sales

  • FII: -966.43 CR
  • DII: 853.25 CR

F&O Stocks under Ban: 7 securities under F&O ban

  • CGPower

FnO Earnings


Disclaimer: The views expressed by investment expert on are his own and data available from advises users to check with certified experts before taking any investment decisions.

Leave a Reply

Your email address will not be published. Required fields are marked *


Nifty levels

Nifty analysis after BJP won the 2014 general election

  • Before 2014 Indian general election market consolidated for almost six months
  • In 2014 middle, BJP took 336 seats and formed a majority government.
  • Market celebrated BJP robust winning and it took Nifty to reach 9000 levels from 6000 levels.
  • 2015 was the period of decline in Nifty50 and global markets as well. Fall in petroleum prices, Greek debt default, sharp rise in US bond yields and Brexit bought stock market selloffs globally.
  • 2016 – 2017 shocking results of the Brexit referendum, the victory of Donald Trump in the US Election and Demonetization move by the Indian Government driven the market towards 10000 marks in the card.
  • 2018 was the year of consolidation. Driven by the Union budget of India and Global breakdown, rumors of Fraud by Housing Loan companies, Oil price Increase and rupee fall against US Dollar.
  • From 2018 Nifty consolidating between 11500 and 10000.
  • Especially last five months facing tough resistance around 11000 and taking crucial support from 10000.

Psychological levels

So for in Nifty 6000, 7000, 8000, 9000, 10000 and 11000 levels acting as a good psychological levels. Every thousand counts performing as a good support and resistance in the charts. On Friday, 8th March  2019, Nifty prices closed above 11000 psychological levels in the weekly scale. Even though most analysts believe that the market seems to be in an overbought zone still election 11000 marks will act as a crucial support and consolidation could be seen further or we can face higher level weakness.

Nifty levels

Nifty levels if the BJP win or out in the 2019 general election

Market wouldn’t care which party going to win in 2019 Indian general election. It may be BJP or Congress

  • With Majority wins – Rally towards 12000 levels
  • Without Majority win- Downwards to 9000 levels

Disclaimer: The views expressed by investment expert on are his own and data available from advises users to check with certified experts before taking any investment decisions.

Send this to a friend